Air Products and Chemicals, Inc. $APD Stock Position Trimmed by London Co. of Virginia

London Co. of Virginia cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,358,082 shares of the basic materials company’s stock after selling 143,533 shares during the quarter. Air Products and Chemicals makes up about 1.9% of London Co. of Virginia’s investment portfolio, making the stock its 14th largest position. London Co. of Virginia’s holdings in Air Products and Chemicals were worth $335,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Holos Integrated Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $25,000. Richardson Financial Services Inc. raised its position in shares of Air Products and Chemicals by 3,233.3% during the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock worth $25,000 after buying an additional 97 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $25,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $26,000. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on APD. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a research report on Monday, May 4th. Berenberg Bank set a $350.00 price target on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, April 20th. BMO Capital Markets upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 price target on the stock in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.12.

Air Products and Chemicals Stock Performance

Shares of APD opened at $280.24 on Wednesday. The firm’s 50 day moving average is $292.20 and its 200-day moving average is $276.73. The stock has a market capitalization of $62.40 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.49 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $307.96.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.14. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 EPS. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.2 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Wednesday, July 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.6%. Air Products and Chemicals’s payout ratio is currently 76.19%.

Insider Activity

In other news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the transaction, the chief financial officer owned 14,212 shares of the company’s stock, valued at $4,317,037.12. The trade was a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.88% of the stock is owned by corporate insiders.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.